States › Alabama › Morgan County
County12th of 64 in Alabama by approvalsFIPS 01103
SBA loans in Morgan County, Alabama
7(a) and 504 approvals to businesses located in the county, set against the number of businesses there and against the state.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
SBA approved 41 loans to businesses in Morgan County, Alabama, in FY2021 to FY2025, worth $29.6M: 35 under 7(a) and 6 under 504.
That is 15.3 approvals per 1,000 business establishments (2,684 establishments in 2023), below the Alabama figure of 24.1 and below the national 41.0.
It ranks 12th of 64 Alabama counties with approvals. In FY2025 there were 9, down 18% on FY2024.
23 lenders had approvals here; the most active were Newtek Bank, National Association (6), Live Oak Banking Company (5) and Southern Development Council (4). The most common industry was agencies, brokerages, and other insurance related activities.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Lenders most active in Morgan County
By number of approvals to businesses in the county, FY2021–FY2025; 23 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Newtek Bank, National AssociationMiami, FL | 6 | $1.4M | 14.6% | |
| 2 | Live Oak Banking CompanyWilmington, NC | 5 | $3.1M | 12.2% | |
| 3 | Southern Development CouncilMountain Brook, AL · CDC | 4 | $2.3M | 9.8% | |
| 4 | Wells Fargo Bank National AssociationSioux Falls, SD | 3 | $30K | 7.3% | |
| 5 | The Huntington National BankColumbus, OH | 2 | — | 4.9% | |
| 6 | Newtek Small Business Finance, Inc.Lake Success, NY | 2 | — | 4.9% | |
| 7 | United Midwest Savings Bank National AssociationDe Graff, OH | 2 | — | 4.9% | |
| 8 | Northeast BankLewiston, ME | 2 | — | 4.9% | |
| 9 | Florida Business Development CorporationTampa, FL · CDC | 1 | — | 2.4% | |
| 10 | Bank Five NineOconomowoc, WI | 1 | — | 2.4% | |
| 11 | Florida First Capital Finance Corporation, Inc.Tallahassee, FL · CDC | 1 | — | 2.4% | |
| 12 | Celtic Bank CorporationSalt Lake City, UT | 1 | — | 2.4% | |
| 13 | Oconee State BankWatkinsville, GA | 1 | — | 2.4% | |
| 14 | SouthPoint BankBirmingham, AL | 1 | — | 2.4% | |
| 15 | Connecticut Community Bank, National AssociationNorwalk, CT | 1 | — | 2.4% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Agencies, Brokerages, and Other Insurance Related ActivitiesNAICS 5242 | 5 | 12.2% | |
| 2 | Services to Buildings and DwellingsNAICS 5617 | 4 | 9.8% | |
| 3 | Personal Care ServicesNAICS 8121 | 3 | 7.3% | |
| 4 | Restaurants and Other Eating PlacesNAICS 7225 | 2 | 4.9% | |
| 5 | Health and Personal Care StoresNAICS 4461 | 2 | 4.9% | |
| 6 | Other Miscellaneous ManufacturingNAICS 3399 | 2 | 4.9% | |
| 7 | Offices of PhysiciansNAICS 6211 | 2 | 4.9% | |
| 8 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 2 | 4.9% | |
| 9 | Building Equipment ContractorsNAICS 2382 | 2 | 4.9% | |
| 10 | Warehousing and StorageNAICS 4931 | 1 | 2.4% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 5 | 12.2% | |
| 2 | Finance and Insurance | 5 | 12.2% | |
| 3 | Accommodation and Food Services | 4 | 9.8% | |
| 4 | Other Services (except Public Administration) | 4 | 9.8% | |
| 5 | Health Care and Social Assistance | 4 | 9.8% | |
| 6 | Construction | 4 | 9.8% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 4 | 9.8% | |
| 8 | Manufacturing | 3 | 7.3% |
Approvals by fiscal year
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 6 | $6.7M | $593K | 1 | — | 7 | 91 |
| FY2025 | 8 | $2.3M | $241K | 1 | — | 9 | 108 |
| FY2024 | 10 | $2.4M | $177K | 1 | — | 11 | 177 |
| FY2023 | 3 | $1.4M | $150K | 0 | — | 3 | 13 |
| FY2022 | 3 | $790K | $61K | 3 | $5.5M | 6 | 38 |
| FY2021 | 11 | $14.1M | $850K | 1 | — | 12 | 210 |
| FY2020 | 7 | $5.1M | $309K | 2 | — | 9 | 51 |
| FY2019 | 7 | $1.9M | $115K | 1 | — | 8 | 35 |
| FY2018 | 6 | $2.8M | $125K | 1 | — | 7 | 54 |
| FY2017 | 15 | $6.1M | $100K | 1 | — | 16 | 133 |
| FY2016 | 11 | $1.2M | $32K | 1 | — | 12 | 54 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 52 approvals.
Against Alabama and the country
| FY2021–FY2025 | Morgan County | Alabama | United States |
|---|---|---|---|
| Approvals | 41 | 2,552 | 342,825 |
| Approvals per 1,000 establishments | 15.3 | 24.1 | 41.0 |
| Median 7(a) approval | $332K | $260K | $190K |
| Median 504 approval | $656K | $659K | $657K |
| Average approval | $721K | $696K | $573K |
| 504 share of approvals | 14.6% | 13.7% | 11.0% |
| Jobs supported per approval, as reported | 13.3 | 11.4 | 10.5 |
| Share of state approvals | 1.6% | 100.0% | — |
Approval sizes
- $50,000 or less17.1%7
- $50,001 to $150,00017.1%7
- $150,001 to $350,00014.6%6
- $350,001 to $1 million31.7%13
- $1 million to $2 million14.6%6
- Over $2 million4.9%2
Age of the businesses
- Existing, more than 2 years old41.5%17
- New business, 2 years or less24.4%10
- Startup, loan funds will open the business17.1%7
- Change of ownership17.1%7
Questions and answers
Which lenders make the most SBA loans in Morgan County?
By approvals in FY2021 to FY2025: Newtek Bank, National Association (6), Live Oak Banking Company (5), Southern Development Council (4), Wells Fargo Bank National Association (3), The Huntington National Bank (2). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Morgan County?
The median 7(a) approval was $332K and the median 504 approval $656K; the Alabama 7(a) median was $260K.
Which industries get the most SBA loans in Morgan County?
Agencies, Brokerages, and Other Insurance Related Activities (5); Services to Buildings and Dwellings (4); Personal Care Services (3); Restaurants and Other Eating Places (2); Health and Personal Care Stores (2).
Is SBA lending in Morgan County rising?
Approvals in the three latest complete fiscal years total 23, against 27 in the three before: falling (-15%).
How does Morgan County compare with the rest of Alabama?
15.3 approvals per 1,000 establishments against 24.1 statewide, and 41 of the state's 2,552 approvals.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error